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20130103
20130103
Search Results 0 to 4 of about 5 (some duplicates have been removed)
off japan's debt would take 2.5 years of every single person worked for nothing and the eu is struggling to stop the barring of member states from breaking up the eurozone. camera worldwide in answer to its sovereign debt problems in 2013? it has become common to see leaders burning the midnight oil at crisis meetings and exhausted politicians at the summits. southern europeans are now accustomed to gloomy economic headlines like these in portugal. there are signs that the crisis could drop out of the front pages in 2013. the risk that a member of the eurozone will default seems to have dissipated, for now. in october, finance ministers launched a permanent bailout fund. if the money runs out, the european central bank can buy up on limited quantities of government bonds, even if it means printing money. it has calmed the market's in members no longer have to worry they will suddenly find themselves unable to service their debts. experts are optimistic about the single currency future. >> in all likelihood, the euro will survive the year ahead, even if difficulties persist.
%, the transport budget by 15% and the police budget by 20%, how can we even be giving up on a cut in the e.u. budget before the negotiations have begun? >> we have to make cuts in budgets, because we're dealing with a record debt and deficit. but if he wants to talk about consistency, perhaps he can explain why his own members of the european parliament voted against the budget freeze that we achieved last year? perhaps he can explain why the socialist group in the european parliament that he's such a proud member of are calling not for an increase in the budget, not for a freeze in the budget, but for a 200 billion euro increase in the budget? and while they're at it, they want to get rid of the rest of the british rebate. is that his policy? >> the reality is this: he can't convince anyone on europe. last year he announced out of the december negotiations with a veto and the agreement went ahead anyway. you've thrown in the towel even before these negotiations have begun. he can't convince european leaders, he can't even convince his own back benchers. he is weak abroad, he is weak at home
unlikely that there could be that kind of evidence in the e.u. so i think we're going to see a very similar result in europe. >> reporter: still, another issue has popped up to plague the search giant, the state department today called a planned humanitarian visit to north korea by google executive chairman eric schmidt, "not helpful." and stressed he's traveling as a private citizen, not a representative of the u.s. government. >> susie: the auto industry closed out 2012 with a bang, marking its best year since 2005. december sales of cars and trucks were better than expected, and 2013 looks to be another banner year for the industry. ruben ramirez reports. >> reporter: worries about the fiscal cliff weren't enough to keep buyers out of car dealerships last month. people were buying a lot of cars and trucks. >> there gets to be that certain point where buying that used car or even leasing a new a new one or even just outright buying a new one, it's really not that much more to buy a new vehicle and you can get that joy of that new car smell. >> reporter: helping auto sales last year is tha
has doubled versus last year. plus, last month the eu agreed to a common european banking regulator, which was a very big deal. it was overshadowed by our fiscal cliff wrangling in the u.s. if a turn is coming, at least a bottom, you need to get in before that happens. i think the bottom is for real, i think the 2012 bottom stands, if you wait until everybody thinks it's obvious you'll be out, you'll be too late. remember, the european markets kept rallying last year despite all the worries about the continent's weakness, german market, french market up 20%. uk market up 13.5%. how do you play europe? i prefer the vanguard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning about why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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